1. Nungesser Corporation's outstanding bonds have a $1,000 par value, a 6% semiannual coupon, 18 years to maturity, and an 7.5% YTM. What is the bond's price? Round your answer to the nearest cent.

2. A firm's bonds have a maturity of 12 years with a $1,000 face value, have an 8% semiannual coupon, are callable in 6 years at $1,066, and currently sell at a price of $1,123.66.

a. What is their nominal yield to maturity? Round your answer to two decimal places. b. What is their nominal yield to call? Round your answer to two decimal places.

3. An investor has two bonds in his portfolio that both have a face value of $1,000 and pay a 8% annual coupon. Bond L matures in 19 years, while Bond S matures in 1 year.

Assume that only one more interest payment is to be made on Bond S at its maturity and that 19 more payments are to be made on Bond L.

a. What will the value of the Bond L be if the going interest rate is 4%? Round your answer to the nearest cent. b. What will the value of the Bond S be if the going interest rate is 4%? Round your answer to the nearest cent.

c.What will the value of the Bond L be if the going interest rate is 10%? Round your answer to the nearest cent. d. What will the value of the Bond S be if the going interest rate is 10%? Round your answer to the nearest cent. e. What will the value of the Bond L be if the going interest rate is 11%? Round your answer to the nearest cent. f. What will the value of the Bond S be if the going interest rate is 11%? Round your answer to the nearest cent.

4.Ten years ago the Singleton Company issued 17-year bonds with a 9% annual coupon rate at their $1,000 par value. The bonds had a 6% call premium, with 5 years of call protection. Today Singleton called the bonds.

Compute the realized rate of return for an investor who purchased the bonds when they were issued and held them until they were called. Round your answer to two decimal places.

5. One year ago Clark Company issued a 10-year, 14% semiannual coupon bond at its par value of $1,000. Currently, the bond can be called in 6 years at a price of $1,070, and it now sells for $1,350.

a. What is the bond's nominal yield to maturity? Round your answer to two decimal places. b. What is the bond's nominal yield to call? Round your answer to two decimal places.

c. What is the current yield?

d. What is the expected capital gains (or loss) yield for the coming year? Round your answer to two decimal places.

6. It is now January 1, 2014, and you are considering the purchase of an outstanding bond that was issued on January 1, 2012. It has a 8.5% annual coupon and had a 15-year original maturity. (It matures on December 31, 2026.) There is 5 years of call protection (until December 31, 2016), after which time it can be called at 109-that is, at 109% of par, or $1,090. Interest rates have declined since it was issued; and it is now selling at 111.545% of par, or $1,115.45.

a. What is the yield to maturity? Round your answer to two decimal places. b. What is the yield to call? Round your answer to two decimal places.